Output, Inflation and Growth: An Introduction to Macro-Economics

Front Matter....Pages 1-18
The Scope of this Book....Pages 19-27
The Process of Economic Analysis....Pages 28-42
Definition of Concepts and Measurement of Output....Pages 43-52
National Income and National Product....Pages 53-73
Output and Capacity....Pages 74-86
A Sketch of British Economic Experience....Pages 87-108
Analytical and Expository Devices....Pages 109-138
The Determination of Equilibrium Output....Pages 139-157
The Consumption Function and the Multiplier....Pages 158-181
The Investment Function....Pages 182-208
Liquidity Preference and the Theory of Interest....Pages 209-238
The Theory of Income Determination....Pages 239-252
The Public Sector and the International Sector....Pages 253-273
Money, Debt and Liquidity....Pages 274-286
Commercial Banks and the Money Supply....Pages 287-302
Central Banking and the Money Supply....Pages 303-326
The Theory of the Price Level....Pages 327-372
The Quantity Theory of Money....Pages 373-388
Keynes and His Predecessors....Pages 389-407
Economic Growth....Pages 408-427
Fluctuations in Economic Activity....Pages 428-458
Rising Prices and Inflation....Pages 459-488
Economic Analysis and Economic Policy....Pages 489-507
The Model in Action: Economic Stabilisation....Pages 508-520
Economic Stabilisation: The Use of Monetary Policy....Pages 521-545
Economic Stabilisation: The Use of Fiscal Policy....Pages 546-561
Back Matter....Pages 563-573